Global Application Modernization Services market is anticipated to grow at a moderate CAGR of 17% during the forecast period (2024-2031). The growing adoption of cloud computing is driving the application modernization services market. This is due to the complexity of migrating existing applications to the cloud, the need for cloud-native development, and the potential benefits of modernization. These services help companies adapt their existing applications to new paradigms, unlocking cloud benefits such as scalability, performance, agility, and integration with cloud services.
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For instance, in May 2023, Kyndryl launched a range of innovative services and features aimed at assisting Red Hat OpenShift customers in bolstering and broadening their capacity to seamlessly modernize and transition core business applications to hybrid cloud environments.
In March 2024, Fujitsu Limited partnered with Amazon Web Services (AWS) to accelerate the modernization of legacy applications through deployment on the AWS Cloud. Fujitsu and AWS deliver evaluation, migration, and enhancement services for legacy mission-critical applications currently operating on on-premise mainframes and UNIX servers, facilitating their transition to the AWS Cloud.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Type
o By Deployment
o By Size
o By Industry Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes IBM, Accenture, Infosys, Cognizant, Capgemini, Tata Consultancy Services, DXC Technology, among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Application Modernization Services Market Report Segment
By Type
- Application Portfolio Assessment
- Cloud Application Migration
- Application Re-Platforming
- Others (Application Integration, UI Modernization, Post-Modernization)
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Size
- Large Enterprises
- SMEs
By Service Industry Vertical
- BFSI
- Retail & E-commerce
- Manufacturing
- IT & Telecommunication
- Others
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Application Modernization Services Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cognizant
- Capgemini
- Tata Consultancy Services
- DXC Technology
- HCL Technologies
- Wipro
- NTT DATA Corporation
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
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